Nice Village House Near Vratsa - ID 3253

Merrill Lynch Wants More Time To Find Investor For Kremikovtzi 05/04/2008
US investment bank Merrill Lynch, hired to advise the sale of Kremikovtzi steel mill in Bulgaria, has asked several extra weeks before choosing the best candidate, the press service of the Economy and Energy Ministry said on April 4. Bulgarian Economy and Energy Minister Petar Dimitrov met with representatives of the investment bank for a progress update on the process. Merrill Lynch contacted about 20 steelmakers worldwide, seven of which expressed tentative interest and three entered into intensive talks, the statement reads. A serious bidder is the brother of incumbent majority owner Pramod Mittal – Lakshmi, himself owning the world's largest steelmaker Arcelor Mittal. Dimitrov made clear that the topmost criterion in the selection of an investor should be immediate... more

95% Of Bulgarian Enterprises Work With Natural Gas 24/04/2008
Curently more than 95% of Bulgarian enterprises, who have access to the gas distribution infrastructure, consume natural gas, informs the press center of Overgas. The natural gas is the best energy alternative for the industry and representatives from the sector have oriented towards use of the blue fuel. The reasons are two: high profitability of the production because of the low price of gas and the lack of expensive investments in purifying installations. Out of the reach of the gas distribution network are only 150 enterprises. Many of them are candidate-clients of Overgas under the project “Virtual gas pipeline” - for supply of compressed natural gas. Industry has the highest share of gas consumption in Bulgaria. In 2007 the total consumption of industrial,... more